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Feb 9, 2013
02/13
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our trade deficit with china hit a record $315 billion last year. separately, china reported it's exports grew 25% over a year ago, easily beating expectations. the robust growth was attributed to aggressive new lending by chinese banks. >> just a few months ago, the chinese economy was in contraction. we've seen really two or three months where we are seeing much stronger growth in china and that's increasing the demand for goods there. >> reporter: but analysts say the news from china may have been somewhat distorted by statistical quirks and the start of the chinese new year. looking at a few months of data shows the big story in china is one of moderate, but solid growth. >> they're not falling apart. growth is going to hold in the range of 7% to 8%. but this is not going to go back to 10% either. there's no signs of that. it looks like its a more permanent, but controllable slow down. >> reporter: china remains strong in assembling and processing goods like iphones that are then exported by foreign companies. when economists exclude this proces
our trade deficit with china hit a record $315 billion last year. separately, china reported it's exports grew 25% over a year ago, easily beating expectations. the robust growth was attributed to aggressive new lending by chinese banks. >> just a few months ago, the chinese economy was in contraction. we've seen really two or three months where we are seeing much stronger growth in china and that's increasing the demand for goods there. >> reporter: but analysts say the news from...
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Feb 23, 2013
02/13
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and china together? >> well, we like the technol sector for a number of reasons. first we do think you're going to see a pickup in global growth. tech companies are very linked to the global economy. a lot of the technology companies rely on corporate capital spend. so that's where we think we'll seen inflection point there. valuations for the tech sector are the lowest they've been since the mid-90s. the sector trades at a petraeu p/e level. everybody knows about the mobility story but there are other things happening in the enterprise part of the technology center always propel growth going forward. >> tom: you also like the industrial sector. i suppose that makes sense with the rebound in china. it's had a nice run lately. what do you expect out of industris over the next year or so? >> for industrials, there's leverage to a pickup in capital responding and i think the pickup in merger acquisition and activity as we've seen is an indication that corporations are beginning to redeploy some of their cash, and i think we're going to see that come through in more c
and china together? >> well, we like the technol sector for a number of reasons. first we do think you're going to see a pickup in global growth. tech companies are very linked to the global economy. a lot of the technology companies rely on corporate capital spend. so that's where we think we'll seen inflection point there. valuations for the tech sector are the lowest they've been since the mid-90s. the sector trades at a petraeu p/e level. everybody knows about the mobility story but...
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Feb 22, 2013
02/13
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. >> reporter: when a country like china dumps tires or other products on the u.s. market, it's pretty clear how to respond: raise tariffs and slap penalties on the producers. but how do you punish a chinese company that is suspected of receiving trade secrets through a government operation the government of china refuses to acknowledge? >> how you sanction a country with regards to cyber-espionage? i think we are still writing the book on that. it's a brand new area of exploration and i don't think policy makers really have the definitive word on how this will be accomplished. >> reporter: a new report says shanghai is home base for a massive chinese hacking effort that may involve thousands of people, but the u.s. and most other countries also employee secret armies of programmers engaged in some form of cyber- espionage. and that makes it harder to define a diplomatic solution to the problem. >> a lot of the most important military information in the world is on weapons systems that are developed by private corporations whether in this country or other countries
. >> reporter: when a country like china dumps tires or other products on the u.s. market, it's pretty clear how to respond: raise tariffs and slap penalties on the producers. but how do you punish a chinese company that is suspected of receiving trade secrets through a government operation the government of china refuses to acknowledge? >> how you sanction a country with regards to cyber-espionage? i think we are still writing the book on that. it's a brand new area of exploration...
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Feb 16, 2013
02/13
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>> well, we are adding to the fxi, the china index. and, clearly, with the kind of growth we're likely to see tepid growth in the u.s., until some of the headwinds we face abate. technology is an area where potentially there is significant growth in excess of the g.d.p. we're going to see. we continue to own technology. >> tom: you own all four funds we mentioned tonight, marshall? >> yes, sir. >> tom: opener friday market monitor get from chicago, marshall front can front barnett associates. he moved to shut down a swiss train trading account it accused trading ahead of that deal. the agency froze the account saying it. ed call options on hynes stock one day before the deal was amount making a potential $1.7 million in profit after the deal was made probable. public. two weeks from today is when billions of dollars of government spending cuts are set to go into affect. this is the spending part of the fiscal cliff. meantime, congress continues talking about the tax part of the fiscal cliff. this week, a house committee considered limi
>> well, we are adding to the fxi, the china index. and, clearly, with the kind of growth we're likely to see tepid growth in the u.s., until some of the headwinds we face abate. technology is an area where potentially there is significant growth in excess of the g.d.p. we're going to see. we continue to own technology. >> tom: you own all four funds we mentioned tonight, marshall? >> yes, sir. >> tom: opener friday market monitor get from chicago, marshall front can...
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Feb 6, 2013
02/13
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a strong place for estee lauder is china, with quarterly sales up 28%. the same cannot be said for yum brands and its k.f.c. brand, and sales at those store open for at least a year in china were down 6% in the fourth quarter. k.f.c. was the target of a chinese government investigation into the use of antibiotics in chicken. it expects earnings per share to fall this year, sending shares down 2.9% to their lowest closing price since july. as we reported earlier in the program, the u.s. government officially filed civil fraud charges against s&p credit ratings services, and the shares of its parent company took another hit. mcgraw hill stock fell another 10.7%. the stock was above $58 per share last friday; tonight, it's below $45, losing more than $3.5 billion of market value in two days. while its competitor in bond ratings, moody's, isn't part of the government suit, its shares also have fallen hard, dropping 8.8% today. it has shed more than $2 billion of market value this week. all five of the most actively traded exchange traded products were strong
a strong place for estee lauder is china, with quarterly sales up 28%. the same cannot be said for yum brands and its k.f.c. brand, and sales at those store open for at least a year in china were down 6% in the fourth quarter. k.f.c. was the target of a chinese government investigation into the use of antibiotics in chicken. it expects earnings per share to fall this year, sending shares down 2.9% to their lowest closing price since july. as we reported earlier in the program, the u.s....
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Feb 1, 2013
02/13
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you have seen a lot more positive commentary about the situation in europe, how things are going in china. and it's being backed up by manufacturing data improving, so as we've seen that, we really have more confidence that areas like the odd otos and housing markets in the u.s. are going to continue to gain steam. >> tom: and you're putting that stat germany to work in energy, particurlyatatural gas. we have seen natural gas prices down to historic lows. why go natural gas producers with production increasing, presumably putting downward pressure on prices? >> well, they have actually a very interesting portfolio of assets and they've really been paring back their assets lately. their focus is on onshore development of assets that have both natural gas and oil and nave literally haltedly the production of natural gas in favor of oil right now, given the price dinnerrial. buttals we start to see the price of natural gas come back they have a tremendous portfolio of assets they can turn on in a heartbeat. over the long term, over the next five to 10 years, we expect 60% of their production
you have seen a lot more positive commentary about the situation in europe, how things are going in china. and it's being backed up by manufacturing data improving, so as we've seen that, we really have more confidence that areas like the odd otos and housing markets in the u.s. are going to continue to gain steam. >> tom: and you're putting that stat germany to work in energy, particurlyatatural gas. we have seen natural gas prices down to historic lows. why go natural gas producers with...
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Feb 8, 2013
02/13
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WMPT
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sponsored by wpbt captioned by media access group at wgbh access.wgbh.org did stocks fell on worries that china might... announcer: the new pbs for ipad app. you'll never know what you'll find. [dog barks] announcer: available now in the app store.
sponsored by wpbt captioned by media access group at wgbh access.wgbh.org did stocks fell on worries that china might... announcer: the new pbs for ipad app. you'll never know what you'll find. [dog barks] announcer: available now in the app store.
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Feb 13, 2013
02/13
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and china is still growing, single-digit levels of growth. brazil is still growing, and russia is still growing. india, which is the fourth of the brick countries, should have a better track in 2014. >> susie: depending which country you're talking about, we've seen investors pouring a lot of money into international equity funds since january. so can they expect to get a good return on international investing in 2013? >> susie, it is going to come down to everybody's timeframe. we are a culture that wants it now. we've been through a lot of problems recently that make people very risk adverse. if you have the patience to sit through volatility, buying emerging markets is a good investment now. however, if you still feel burned by what happened in 2007 and 2008, and are worried that a 10% pullback or a 15% pullback would make you change your approach, be very careful and buying emerging markets. we've had a great run since november and i would counsel some caution. >> susie: you are advising your clients to put their money mostly in u.s. stoc
and china is still growing, single-digit levels of growth. brazil is still growing, and russia is still growing. india, which is the fourth of the brick countries, should have a better track in 2014. >> susie: depending which country you're talking about, we've seen investors pouring a lot of money into international equity funds since january. so can they expect to get a good return on international investing in 2013? >> susie, it is going to come down to everybody's timeframe. we...
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Feb 7, 2013
02/13
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at the same time economic data from china and europe has been improving, all of which could boost global energy demand. triple-a predicts prices at the pump will keep climbing, topping out somewhere between $3.60 and $3.80 a gallon this spring. but aders say if you want a quick way to know where prices are headed, watch the stock market: >> oil prices look at equity market as a proxy for demand, or future demand. we are at 14,000 in the dow, no coincidence that we are at the highs of the energy market as well. >> reporter: and the higher price of gasoline comes as workers have less take-home pay, because of the expiration of a payroll tax holiday. so will consumers be forced to cut back spending, hurting economic growth, and stock market performance? >> not necessarily, because rising gasoline prices is usually predicated on a weaker dollar or better economic activity. better economic activity would lead to higher earnings. >> reporter: wolfberg says crude prices would have to jump $10 a barrel, or roughly 10%, before there's a major hit to the u.s. economy. erika miller, "n.b.r.," new y
at the same time economic data from china and europe has been improving, all of which could boost global energy demand. triple-a predicts prices at the pump will keep climbing, topping out somewhere between $3.60 and $3.80 a gallon this spring. but aders say if you want a quick way to know where prices are headed, watch the stock market: >> oil prices look at equity market as a proxy for demand, or future demand. we are at 14,000 in the dow, no coincidence that we are at the highs of the...
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Feb 11, 2013
02/13
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slowing economies in europe and china could slow global growth. and conflict with iran could push up energy prices. erika miller, "n.b.r.," new york. >> susie: joining us now with more on what to expect from president obama's state of the union address, david gordon, head of research at the eurasia group in washington d.c. >> so if you heard from our report, david, it's all about the economy. that's the big interest for most americans. what can the president propose tomorrow that will get the economy moving without some kind of big stimulus plan? >> so i think that the president's going to try to do a couple of things. first he's going to call on others to help him. first es he going to call on the congress to do two things. one, avoid the sequester, avoid the job cuts that will come from the sequester. and come to a balanced program on putting budget issues on the sidelines for the rest of this year. two, pass immigration reform so people have confidence, migrant workers have confidence, or security improves, so es's going to ask the congress. se
slowing economies in europe and china could slow global growth. and conflict with iran could push up energy prices. erika miller, "n.b.r.," new york. >> susie: joining us now with more on what to expect from president obama's state of the union address, david gordon, head of research at the eurasia group in washington d.c. >> so if you heard from our report, david, it's all about the economy. that's the big interest for most americans. what can the president propose...
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Feb 21, 2013
02/13
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today foxconn said it has frozen the hiring of assembly-line workers in china after the lunar holiday there. that fed speculation about demand from apple and h.p. apple shares fell 2.2% since the plant freezing hiring makes the iphone five, but foxconn said its decision to stop hiring was not related to making the iphone. an analyst at investment bank u.b.s. thinks it could be because of less demand for hewlett packard desktop computers. h.p.q. shares were down by 1.1%. hewlett-packard reports its latest quarterly earnings tomorrow after the closing bell. independent energy companies devon and anadarko updated their shareholders on their strategies, but both were greeted with selling. anadarko petroleum was down 4.5%. it's energy production outlook was less than expected while it's forecast for capital spending was more than anticipated. it expects to be among the most active deepwater drillers this year. devon energy fell 6.6% after saying it may try again to spin off its pipeline and processing businesses. it tried that six years ago but stopped after the economy weakened. four of t
today foxconn said it has frozen the hiring of assembly-line workers in china after the lunar holiday there. that fed speculation about demand from apple and h.p. apple shares fell 2.2% since the plant freezing hiring makes the iphone five, but foxconn said its decision to stop hiring was not related to making the iphone. an analyst at investment bank u.b.s. thinks it could be because of less demand for hewlett packard desktop computers. h.p.q. shares were down by 1.1%. hewlett-packard reports...